Today after work i was going to met a client with my colleagues and the this whole conversation taking me about 3 hours from 8pm-11pm. This client was 50 yrs old and he just start trading by few weeks ago only. This client was telling me that futures is a very challenging market, so when he bank in the money, he expect to lose all his money and what he wants is to learn how to beat this market. It is quiet surprise to hear from client that never aim for profits a first, however aim for the process of learning. However, due to not familiar with this market, this client was not doing very well in his trading. I noticed when this client is losing, he lose 6-8 lots however when wining, he only win for 2-4 lots only. Besides that, when he is losing, his lose more than 10 points and when winning, he only able to take 5-8 points profit only. From a normal mathematics calculation, his risk is more than the reward so even his system is prove 80% accuracy, he only end up with break even only.
As a result, I and my colleagues try to explain to him why he cannot beat the market for few points of view. Firstly, he don't have a proven work system to follow, so every of his trading is based on feeling only, and worst come to worst he won't admit when the trade is not in his way. Secondly, his risk is more than the reward, so the more he trade, the more risk he will expose to, porivide his feeling is almost 90% correct than he only able to beat the market. However, I pay my respect to this client, because he able to accept what mistake he has make and he also thanks us at the same time for reminding him. It is really hard to find such a senior client that willing listen to youngster like me plus willing to continue learn to beat the market. I wish for those client that losing too much in the market, please don't give up, find out what mistake are you making and do more study, trading is just a habit, and you will keep losing in the market because u keep making the same mistake. So find out what bad habit is that, and don't keep repeat it!!!!
As a result, I and my colleagues try to explain to him why he cannot beat the market for few points of view. Firstly, he don't have a proven work system to follow, so every of his trading is based on feeling only, and worst come to worst he won't admit when the trade is not in his way. Secondly, his risk is more than the reward, so the more he trade, the more risk he will expose to, porivide his feeling is almost 90% correct than he only able to beat the market. However, I pay my respect to this client, because he able to accept what mistake he has make and he also thanks us at the same time for reminding him. It is really hard to find such a senior client that willing listen to youngster like me plus willing to continue learn to beat the market. I wish for those client that losing too much in the market, please don't give up, find out what mistake are you making and do more study, trading is just a habit, and you will keep losing in the market because u keep making the same mistake. So find out what bad habit is that, and don't keep repeat it!!!!
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